Antam plans to acquire Qingshan's nickel processing and smelting plant

According to Reuters on August 27th, Nicolas Kanter, CEO of PT Aneka Tambang (Antam), a state-owned mining

 company in Indonesia, revealed in public that in order to achieve deep expansion of downstream mining business

 and directly support the Indonesian government's grand blueprint for developing the battery production industry,

 Antam plans to acquire a nickel processing and smelting plant under Chinese stainless steel giant Qingshan Holdings 

Group. This measure marks Antam's official entry into the field of deep processing of nickel resources, aiming to ensure

 the stability of the supply chain and the safety of raw material supply by mastering the key links of nickel processing.

Kanter emphasized that this acquisition will be an important component of the company's non organic growth strategy.

Non organic growth strategy typically means that companies rapidly expand their scale through mergers and acquisitions,

 joint ventures, and other means to acquire new technologies or resources, thereby accelerating their business development

 and market expansion. Antam's choice is undoubtedly the result of its profound insight into the potential of the electric

 vehicle battery market and its active response to the Indonesian government's call to develop the battery industry.

In addition, Antam has announced a cooperation plan with Chinese Contemporary Brunp Lygend Ltd (CBL). Both parties

 will work together to build two nickel plants, further consolidating Antam's leading position in nickel resource development

 and utilization. This cooperation will not only bring advanced production technology and management experience

 to Antam, but also help enhance its competitiveness in the global nickel market and provide strong support for the 

construction of the Indonesian electric vehicle battery ecosystem.

Antam's series of strategic initiatives not only reflect the company's optimistic expectations for the prospects of the

 electric vehicle battery market, but also reflect its sense of responsibility and mission to actively respond to the

 Indonesian government's call for the development of the battery industry. With the continuous growth of global 

demand for electric vehicles and advances in technology, battery production has become an industry with enormous 

potential. Indonesia, as a resource rich country, has inherent advantages in developing the battery production industry.

 Antam's expansion of downstream business and strategic investments will not only help promote the improvement

 and development of Indonesia's battery industry chain, but also contribute significantly to Indonesia's rise in the 

global electric vehicle market.